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Comcast Corporation
Note 10: Long-Term Debt
Long-Term Debt Outstanding
December 31 (in millions)
Weighted-Average
Interest Rate as of
December 31, 2015 2015 2014
Commercial paper 0.62% $ 975 $ 845
Revolving bank credit facilities —% ——
Term loans 2.74% 3,259 —
Senior notes with maturities of 5 years or less, at face value 4.40% 14,300 15,223
Senior notes with maturities between 5 and 10 years, at face value 4.24% 9,630 10,530
Senior notes with maturities greater than 10 years, at face value(a) 5.63% 23,925 20,989
Other, including capital lease obligations — 794 689
Debt issuance costs, premiums, discounts and fair value adjustments
for hedged positions, net — (262) (195)
Total debt 4.70%(b) 52,621 48,081
Less: Current portion 3,627 4,217
Long-term debt $ 48,994 $ 43,864
(a) The December 31, 2015 and 2014 amounts include £625 million of 5.50% notes due 2029, which translated to $921 million and $974
million, respectively, using the exchange rates as of these dates.
(b) Includes the effects of our derivative financial instruments.
As of December 31, 2015 and 2014, our debt had an estimated fair value of $58.0 billion and $55.3 billion,
respectively. The estimated fair value of our publicly traded debt is primarily based on Level 1 inputs that use
quoted market values for the debt. The estimated fair value of debt for which there are no quoted market
prices is based on Level 2 inputs that use interest rates available to us for debt with similar terms and remain-
ing maturities. See Note 20 for additional information on our cross-guarantee structure.
Debt Principal Maturities
(in millions)
Weighted-Average
Interest Rate as of
December 31, 2015
2016 2.79% $ 3,627
2017 6.75% $ 2,695
2018 4.11% $ 4,194
2019 3.14% $ 2,445
2020 4.09% $ 6,076
Thereafter 5.23% $ 33,846
2015 Debt Borrowings
Year ended December 31, 2015 (in millions)
Comcast 4.60% senior notes due 2045 $ 1,700
Comcast 3.375% senior notes due 2025 1,500
Comcast 4.60% senior notes due 2046 1,490
Comcast 4.40% senior notes due 2035 800
Total $ 5,490
Comcast 2015 Annual Report on Form 10-K 98